Rajan among probables for Nobel Prize

Former Reserve Bank of India (RBI) Governor Raghuram Rajan’s name has been featured in the list of probables for this year’s Nobel Prize in Economics brought out by Clarivate Analytics, a firm that maintains a list of possible Nobel Prize winners based on research citations.

According to Clarivate, Rajan is considered a candidate for his “contributions illuminating the dimensions of decisions in corporate finance.”

At the age of 40, Rajan was the first non-western and the youngest to become the chief economist at the International Monetary Fund. Rajan shot to big fame three years after he predicted a financial crisis at an annual gathering of economists and bankers in the US in 2005.

In 2013, When the Indian Economy was sailing through the troubling times of unsustainable level of Current Account Deficit (CAD), sharp depreciation of rupee and large scale capital flight, Rajan was called upon as a saviour at the helm of the central bank as RBI governor by the then UPA government.

Recently he has been in news on his book launch “I do What I do” and his views over demonetization.